Discussion in 'Where to Buy' started by Kumar, 24th Apr, 2020.
Where to Invest for below $200k range please?
What are you chasing? Yield or Capital Growth?
equities once there is a floor ?
In Sydney’s west? Get yourself a time machine.
REITs/Commercial prop trusts.
Maybe something that needs work in Ipswich area?
Have you done the maths?
Rent needed to be profitable?
Sale price in x years time? To sell at profit.
Most property in that price range is pretty undesired my most
QLD coastal towns are great value.
But high associated costs, lowish rents and dubious tenancy mix
+1 for Qld coastal eg Rockhampton, Townsville etc but don’t expect CG at that range
Higher rates and insurance the further north from SE corner you go
In VIC, Bendigo still has some houses under $200k, but don’t expect it to be too close to the city centre with that budget.
Thanks everyone for valuable feedback .
Yield maybe .Thanks.
Honestly it is hard to provide an answer for you without a bunch of information being given to us. This is kind of Like just asking us to do your homework for you.
Why a 200k limit? Have you spoken to a broker or lender and been told that this is your capacity?
What is the purpose of this property? Is this an investment or a place you plan to live?
Do you plan on inspecting the property? Or are you hoping to be more hands off?
What are your goals with property investment? Do you plan on just owning one or are you looking to build a portfolio, and if so what exact purpose do you wish for these to provide you.
Utilise the search bar of this forum, tons of information out there already and to be frank there are no shortcuts in property investment.
My advice is do your own research, outline your goals clearly and speak with professionals within the industry. Simply asking people what to buy in the 200k range is not going to get you very far if you don't have the knowledge of the fundamentals first.
You really need to have a firm understanding of the risk associated with this and understand the local market for each of these before jumping in.
Good buys indeed but a savy investor is required in these parts.
US of A is the land of opportunity but wait until CV-19 reduces the competition and the AUD bounces back a little.
The problem with the cheaper properties is that if the rent is less than say $250pw then up to 60 or 70% of the rent can be consumed by running expenses, repairs and vacancy costs. It may not cover the mortgage repayments.
True, HTW Month in Review has Mackay moving from 8 o'clock start of recovery to 2 o’clock start of decline in one month. Could be a typo?
Oh and don't go near Cairns at the moment with the current tourism debacle.
But Bundy, Rocky, Gladstone and Townsville are cheap
I don't think it's a typo. This has been a fairly regular occurrence with HTW and one that leaves me generally ignoring them for that reason.
Direct purchase of RE is probably the wrong vehicle for yield with only a $200K investment. I'd be using the share market for that, but this is only my personal view, not advice.
......and you say "maybe"? Don't you know what your purpose is in investing in the first place? More thinking required.
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